New home segment property market continue to soar with a total of 1329 units transacted in the month of September. Mid-tier range of development continue to appeal to buyers as their main consideration is the overall price tag which makes it more affordable and easier to obtain housing loan. Midwood continue to sell every month on its own without any aggressive marketing by developer as it the most afforadble new launch in the west area which will TOP in Q3 2022 and attractively priced from $1600psf onward, with 2-bedroom starting from $1.1million. While market analyst predict that Singapore will go into recession but on contrary our property market continue to thrive. This could not have happened without our instrumented cooling measures by our government which suppress the prices, making it affordable, and also controlling the supply of land.
Source: The Business Times
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